RESPONSIBLY PRODUCED PRODUCTS
OUR COMMITMENT TO RESPONSIBLY PRODUCED PRODUCTS
Eldorado is committed to responsibly producing gold and other metals that offer a wide range of uses. Our products advance sustainable development and contribute to economic growth around the world.
PRODUCT RESPONSIBILITY
We support industry‑wide efforts to responsibly produce gold and other precious and base metals. Our approach to product responsibility is grounded in conducting business ethically, transparently and in a manner that respects human rights and applicable laws, which is fundamental to maintaining our licence to operate. As a member in good standing of the World Gold Council, Euromines and the Mining Association of Canada, we align our practices with recognized industry standards and frameworks that promote responsible environmental and social performance across the mining lifecycle.
How Our Products Contribute to Society
The metals we produce are part of many of the materials that make up the modern world. Our products create and store value for economies, societies and governments and form an integral part of modern financial systems. They are also critical components of green technologies such as wind turbines, electric cars, solar cells and major infrastructure that are advancing the global transition to a lower-carbon economy. Just as our products contribute to a better world, we are committed to producing them in a way that creates positive economic, social and environmental value for all our stakeholders.
Gold mining is a major economic driver for many countries and jurisdictions around the world. Well-managed, transparent and responsible gold mining can be a major contributor to the socio-economic well-being of host communities through the creation of local employment and business opportunities, as well as investments that seek to benefit community development.
Our products
The metals we produce comprise many of the materials that make up the modern world. They are critical components of green technologies, medical innovations, infrastructure, financial systems, consumer products and much more.
SUPPLY CHAIN
Our supply chain is an important part of the lifecycle of the gold and other metals we responsibly produce. Our contractors are a critical part of our workforce, contributing to areas including exploration, construction and other developments requiring specific resources and expertise, and we work with our suppliers to procure vital supplies for our workforce and operations, such as food, tools, equipment, machinery or bulk materials.
All suppliers are required to confirm their understanding of and commitment to our Supplier Code of Conduct, which outlines expectations related to human rights and fair labour practices, environmental protection, health and safety, community considerations, and anti‑bribery and corruption. Our supplier engagement approach is grounded in responsible procurement principles and an expectation of alignment with our corporate values and sustainability commitments.
Through SIMS, we extend our sustainability expectations beyond our own operations to contractors and suppliers. SIMS requires contractors and suppliers to meet minimum performance standards across health and safety, environmental, social and human rights areas, including compliance with the MAC-TSM Prevention of Child and Forced Labour Verification Protocol. Sustainability performance of suppliers and contractors is assessed through a risk‑based selection process, due diligence, and ongoing monitoring aligned with our supply chain requirements.
Human Rights
We recognize that our operations have the potential to impact the human rights of our employees, contractors, communities and other stakeholders. We are committed to respecting internationally recognized human rights and to avoiding causing or contributing to adverse human rights impacts, including modern slavery, while preventing and mitigating impacts linked to our operations and supply chain.
Our approach is guided by the International Bill of Human Rights and the International Labour Organization’s Declaration on the Fundamental Principles and Rights at Work, and the UN Guiding Principles on Business and Human Rights. This commitment is formalized through our Human Rights Policy, which was updated and then approved by the Board in 2022. The policy has been informed by the United Nations Declaration on the Rights of Indigenous Peoples and is embedded within SIMS and our broader governance framework.
We are a signatory to the UN Global Compact (UNGC), the world’s largest corporate responsibility initiative. The UNGC’s Ten Principles provide fundamental guidance for our business in the areas of human rights, labour standards, the environment and anti-corruption. We have considered the UNGC’s Principles in the development of our Code of Ethics and Business Conduct, Anti-Bribery and Corruption Policy, Human Rights Policy, Diversity Policy, Social Performance Policy and our Environmental Policy, which are available on our Governance page. We report against each of the Ten Principles in our Communications on Progress.
VOLUNTARY PRINCIPLES ON SECURITY AND HUMAN RIGHTS
The Voluntary Principles on Security and Human Rights (VPSH) is considered the standard for best practice in managing security for extractive industry operations. Our commitment and progress on the VPSHR is discussed in our VPSHR Report and included in MAC’s annual Towards Sustainable Mining Progress Report.
We have committed to implement the VPSHR in our Human Rights Policy. SIMS also supports our alignment with the VPSHR.
WORLD GOLD COUNCIL’S (WGC) CONFLICT-FREE GOLD STANDARD (CFGS)
The WGC’s Conflict-Free Gold Standard creates a framework for assurance that the production of gold by a company does not contribute to unlawful armed conflict or human rights abuses. Although our operations are not located in conflict-affected areas, we adopted the CFGS in 2013 and can therefore provide assurance that the gold we produce does not cause, support or benefit armed conflict or contribute to human rights abuses or breaches of international humanitarian law. This commitment is reinforced in our Human Rights Policy and in SIMS. Our annual Conflict-Free Gold Report confirms Eldorado’s gold-producing operations do not contribute to conflict.
OTHER SUSTAINABILITY PILLARS
Engaged And Prosperous Communities
From the initial stages of exploration to the eventual reclamation and rehabilitation of a mine site, Eldorado relies on the relationships we have with our stakeholders to work toward socially inclusive and sustainable development.
Healthy Environments Now & for the Future
We carefully plan, design and build operations to mitigate our environmental impacts, and work with host communities and governments to ensure that our operations meet acceptable standards of practice and adhere to regulations.
Safe, Inclusive And Innovative Operations
People are at the core of our business. By keeping our people safe, providing well-paid jobs and fostering inclusivity and diversity in our workforce, our operations contribute to the social and economic development of the communities in which we work.